Check out these 36 charts! The price of gold (aka the devaluation of fiat currencies) has surged to new highs in almost every country. Stimulus and printing, to paper over the Covid lockdowns, and high-profile bank collapses in the USA last week, are pushing the "barbarous relic" up up and away.
Data source: Goldprice
Here are charts showing at least 15 years of gold's price in many of the world's fiat currencies.
Close to breakout
These are some of the currencies that are losing purchasing power against real assets like gold bullion.
American dollar:
Brazilian real:
Canadian dollar:
Chilean peso:
Chinese yuan:
Hong Kong dollar:
Indonesian rupiah:
Iranian rial:
Iraqi dinar:
Mexican peso:
Russian ruble:
Singapore dollar:
Swiss franc:
Syrian pound:
Already fallen
Here are some of the world's noteworthy currencies that have recently plunged in value, sending the price of gold to a new all-time high.
Australian dollar:
Bangladeshi taka:
Colombian peso:
Danish krone:
Euro:
Great Britain pound:
Indian rupee:
Israeli sheqel:
Japanese yen:
Libyan dinar:
Malaysian ringgit:
Mongolian tugrik:
New Zealand dollar:
Nigerian naira:
Norwegian krone:
Philippine peso:
Polish zloty:
South African rand:
Swedish krona:
Thai baht:
Hyperinflation
These are just a handful of the currencies that have completely collapsed in the last month:
Argentina peso:
Egyptian pound:
Pakistani rupee:
Turkish lira:
Ukrainian hryvnia:
After looking through more than 100 currencies this evening, it is clear that nowhere in the world is experiencing deflation. Literally every country on the planet is inflating their currency away. It's only a matter of how quickly they're doing it. Gold has a 5000+ year history as sound money. An ounce of gold will always be an ounce of gold, and it can't be created out of thin air by corrupt governments, so it will continue to hold value - and go up in price against paper and electronic fiat currencies. This is the news you don't see on the news.
DRutter
I like goooooold!
Onces I start building wealth I would rather save my money in gold. That would be the best decision to make in life as you said it can't be created or control by this so call government. What my eyes have seen with paper money make hate it with disguised
Wow!.. I like gold too.
If my father wasn't too innocent about gold more than 4 decades ago, either, he might have the best life standard with kilos of natural gold or he was one of the residence being robbed by people with power during the time when Gold deposits discovered by miners at their place. According to my father they stayed months in Negros Occidental together with my faith healer uncle, they always see granule or even a size of a pinky finger's nail natural gold (he believed later) in the stream where they used to catch fish, fresh water shrimps/crabs for food. They just ignore it they don't know about gold back then. Weeks after they returned home they heard news from the radio station that golds are everywhere even floating like stone and gravels beside the stream, for sure those are gold ores.
That's an interesting story about your father. I guess he had other things on his mind than gold... like fish : )
Fiat system is shit. Start stacking 1/10 ounce gold coins. Gold minder stocks are ok as well, but the market could take a shit soon so there's that.
I think they see and know this news, but turn a blind eye to avoid alarming people.
Ordinary people, those who go out into the streets every day to earn their bread, have no idea of the impact that this produces in the world, just as the countries of the world did not know what the US was up to when it convinced the governments that its currency was sound, beginning to promise that having US dollars was like owning gold.
Sometimes I think that the USA, seeing that it could not scam more nations, in 1972 suddenly decided to remove this support for its currency when the other governments began to seriously distrust the proposal made and began to withdraw their gold for dollars received. A majestic move! In my opinion, because they were left with an impressive amount of gold, while the others only kept a piece of paper that was no longer worth what was promised.
Unlike what happened with the conquerors in Central-South America, who violently stole the gold of its inhabitants by force, cruelly murdering those who in some way opposed their purpose, the USA used deception peacefully; While the Spanish forcibly removed the gold, the USA received the gold that the other countries brought to it.
Thank you for your comment, Ray. It shows both a consideration of the content, and an understanding of the history behind this subject.
Today, Canada officially has no gold, having sold it cheap several years ago. Every ounce we mine, we sell to China. We have no real wealth in our financial system here, only in our natural resources. I don't believe the USA has much gold either... Fort Knox is carefully guarded and never audited, so the public continues to assume it is full of gold.
Great message. I'll be buying more gold this week :)
Good call! Well-secured physical gold is an excellent form of savings.
Gold holding up, what do you think about silver to hold value?
Silver is more volatile due to being a smaller market and an industrial metal. In bull runs it typically does better than gold and currently it's not even half of its previous high price, so I think it has a larger upside potential. Physical silver is very cheap here at 21 USD per oz. Both metals are considered monetary, and are manipulated by central banks and banks like JPMorgan. Some day they will return to a gold:silver ratio close to 10:1 instead of the current 100:1. Both metals have no counterparty risk and act as a hedge during inflationary times. I think it would be smart to own some silver bullion.
How do you feel about it?
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zoiks, waiting for silver to catch-up
Me too, have more silver than gold. It does have more upside potential. Both are manipulated and not allowed to shine, as they are the canary in the coalmine for the banksters. When the currency goes to crap, precious metals hold their value, and the people inevitably figure that out. So once we see silver taking off, it's basically go-time, and you want to have all your preps in order.
Gold has been suppressed for years. It's due for a breakout and this is long overdue. Gold will spike as banks fail.
Curated by @ultravioletmag
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